Disclosure standard
Geographical scope
Mandatory Transition Plan Disclosure
Coming into Force
Eventual No. of Companies
~ 50,000
2025
Disclosure as to whether a company has one, and if so, details need to be provided
EU led with global applicability for companies
Corporate Sustainability Reporting Directive (CSRD)
~ 600 in first wave
2026
Yes
UK
Financial Conduct Authority (FCA) Sustainability Disclosure requirements
~ 6,500
2027
Yes
EU
Corporate Sustainability Due Diligence Directive (CSDDD)
TBD
From 2025
Disclosure as to whether a company has one, and if so, details need to be provided
Global In various jurisdictions, once ratified
International Financial Reporting Standards (IFRS) S2, aka the ISSB standards
TBD
TBC
Yes, if adopted to manage a material transition risk
US
Securities and Exchange Commission (SEC) Climate Rule